Crazy Snacks
Crazy Snacks offers a wide range of bakery products to meet the everyday needs of Indian consumers. Their portfolio includes bread, buns, cakes, and rusks, with 150 products priced between ₹2 and ₹170. They focus on providing affordable, high-quality options that cater to different tastes, making their products a reliable choice for households.Their rusks, produced under both Crazy Snacks and Crazy Bakery Udyog, are a key part of their range, offering a convenient snack for customers. In their subsidiary, Crazy Bakery Udyog Private Limited, they specialise in a variety of snacks, including namkeen, chips, popcorn, and potato sticks, with 147 products priced between ₹2 and ₹150. They aim to offer snacks that blend traditional and new flavours to suit different preferences. With a strong presence
Weak fundamentals and premium/expensive valuation
SME IPOs are higher risk, less liquid and more volatile than mainboard IPOs. Invest only after reading the offer document and understanding the risks.
Plain-English Summary✨
What does the company do?
Crazy Snacks is an SME IPO in the FMCG - Snacks and Beverages sector with a price band of ₹39-₹42 and a lot size of 3000 shares.
Why are investors interested?
The company's financials show a mixed picture, with revenue growth but high debt-equity ratio.
What should beginners watch out for?
The data is mostly up-to-date, but some information like anchor investor data and objects of the issue is missing.
Key IPO Metrics
GMP Today
0.0%
Total Subscription
Overall demand
Retail Subscription
Retail Queue
QIB Subscription
Institutional Queue
NII (HNI) Subscription
Non-Institutional
Anchor Book
Subscribed
SME Risk Radar
GYR Capital Market Maker
Merchant banker track record is not available.
Post-listing volume can be low. Trading takes place in large retail lots.
Top 5 customers account for more than 40% of revenues.
Scale of operations is relatively small, with minor audit flags.
Business Overview
About the Company
Crazy Snacks offers a wide range of bakery products to meet the everyday needs of Indian consumers. Their portfolio includes bread, buns, cakes, and rusks, with 150 products priced between ₹2 and ₹170. They focus on providing affordable, high-quality options that cater to different tastes, making their products a reliable choice for households.Their rusks, produced under both Crazy Snacks and Crazy Bakery Udyog, are a key part of their range, offering a convenient snack for customers. In their subsidiary, Crazy Bakery Udyog Private Limited, they specialise in a variety of snacks, including namkeen, chips, popcorn, and potato sticks, with 147 products priced between ₹2 and ₹150. They aim to offer snacks that blend traditional and new flavours to suit different preferences. With a strong presence
Industry
FMCG - Snacks And Beverages
Business Segments
Objects of the Issue
Promoters
Promoters group
Whole-time Directors & Promoter group
Lead Managers
Registrar
Issue & Valuation
Peer Snapshot (FY24)
| Company | P/E (x) | ROE (%) | Revenue CAGR (3Y) | EBITDA Margin (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| Crazy Snacks (IPO) | 59.15x | 3.95% | -79.6% | 14.5% | -- |
| Annapurna Swadisht | 21.94x | -- | -- | -- | ₹173.94 Cr |
| Chatha Foods | 18.48x | -- | -- | -- | ₹212.34 Cr |
| Dangee Dums | 49x | -- | -- | -- | ₹54.435 Cr |
| Euro India | -- | -- | -- | -- | ₹63.18 Cr |
| Goel Food | 10.84x | -- | -- | -- | ₹23.46 Cr |
| Jay Kailash | 60.12x | -- | -- | -- | ₹14.4 Cr |
| Magson Retail | 20.25x | -- | -- | -- | ₹177.915 Cr |
| Mother Nutri | 22.67x | -- | -- | -- | ₹150.72 Cr |
| Proventus Agrocom | 104.61x | -- | -- | -- | ₹635.955 Cr |
| RCL Retail | -- | -- | -- | -- | ₹9.99 Cr |
| Sonalis Consumer | 6.56x | -- | -- | -- | ₹8.4 Cr |
| Tanvi Foods | 24x | -- | -- | -- | ₹83.85 Cr |
| Valencia Nutrition | -- | -- | -- | -- | ₹5.58 Cr |
Financials & Performance(Standalone)
Revenue (₹ Cr)
CAGR -46.0%PAT (₹ Cr)
CAGR -39.7%EBITDA Margin (%)
ImprovingROCE (%)
Healthy TrendROE (%)
ImprovingFinancial Quality
GoodGood / Improving metrics, margins and cash flows with comfortable leverage.
| Financial Year | Revenue (₹ Cr) | EBITDA Margin (%) | PAT (₹ Cr) | ROCE (%) | ROE (%) | Debt / Equity (x) |
|---|---|---|---|---|---|---|
| FY23 | ₹89.12 Cr | 12.15% | ₹3.53 Cr | 10.45% | 13.42% | 1.83x |
| FY24 | ₹127.59 Cr | 11.19% | ₹5.31 Cr | 14.16% | 17.06% | 1.45x |
| Jun-24 | ₹25.99 Cr | 14.47% | ₹1.28 Cr | 3.20% | 3.95% | 1.52x |
Why this IPO looks good
- The company has a wide range of bakery products with 150 items priced between ₹2 and ₹170.
- It has a strong presence in the market with a focus on providing affordable, high-quality options.
- The company has shown revenue growth in the last few years, with revenue increasing from ₹74.4 crore in FY22 to ₹127.59 crore in FY24.
Demand & Momentum
Subscription Trend (Times)
GMP Trend
GMP Trend (₹)
Documents
AI Research Q&A
Who is this IPO suitable for?
Ideal for investors who:
- Believe in India's regional industrial manufacturing expansion
- Have a medium to long-term investment horizon
- Are comfortable with moderate to high risk appetite